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How is blockchain technology going to change the world?

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How is blockchain technology going to change the world?

The power of Blockchain is slowly transforming the world. Whether it is in supply chain, banking, or real estate, Blockchain technology is opening up prospects that one could never imagine before. Blockchain has become an emerging technology with great potential to legitimize digital transactions while offering greater levels of security and privacy.

What is Blockchain?

A Blockchain is a distributed ledger system that records all transactions as ‘blocks’ of information. It is a decentralized network that allows participants to add data to the network through a peer-to-peer consensus mechanism that ensures the integrity of the data with properties like immutability and transparency.

Blockchain has the potential to impact our society for years to come- here are a few ways in which Blockchain is going to revolutionize the world-

Increased privacy and security – With Blockchain, gone are the days when hackers would easily crack into a public/private network to steal information. It is primarily such limitations of data privacy and security that led to the development of Blockchain, a technology that makes it difficult to break into a vast network of data.

Letting individuals exercise control– With no single or central authority governing Blockchain transactions, people now have more liberty and freedom in personal choices. Cryptocurrencies are slowly making it easier to trade digital assets, increasing individual liberty and control over government currency via digital currency exchanges.

Currencies are changing– The emergence of cryptocurrencies like Ethereum and Bitcoin is going to shape the world in a big way. Very soon, trading digital assets like cryptocurrencies and NFTs on Blockchain platforms will mean greater liquidity for individuals and businesses. Buying a real-estate property will become easier and quicker. The authenticity of digital assets traded on Blockchain platforms will transform the way people buy, sell and exchange valuable items.

The impact of Blockchain is already being seen in Supply Chain, Banking and Insurance, and is here to stay. Numerous companies are growing rapidly and rushing to adopt blockchain technology for their projects. The best way to develop blockchain applications is to hire an expert Blockchain development company that offers a range of custom Blockchain services to businesses around the world.

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MeatSpady: An artist by the people and for the people

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MeatSpady: An artist by the people and for the people

We make a living by what we get but, we make a life by what we give. Only a life lived for others is a life worthwhile. There is no denying the fact that people who keep the passion of serving the community by giving back are the true leaders and beacons of hope. One such community servant and philanthropist is MeatSpady. A musician by occupation; by nature, a care giver to others. MeatSpady is the owner of the clothing brand, The Beautiful Letdown Store. Through his brand he has been consistently involved with his community by providing those less fortunate with food and free t-shirts bearing The Beautiful Letdown logo. The brand also offers two scholarships and two grants for qualifying families in the city of Philadelphia.

MeatSpady is a hip-hop artist, born and raised in North Philadelphia, whose deep real-life lyrics speaks to the very people he serves in his community. The Beautiful Letdown Store is an online store where the customers can buy a vast variety of quality apparel for a low price. The products range from t-shirts, hoodies, sweaters, sweatpants, sea moss and more. The brand came about after the 2018 release of The Beautiful Letdown mixtape. The project reflected MeatSpady taking full accountability for who he is as a human being. When the brand was created the objective was to convey the concept of having acceptance of self. Something he considers to be the highest form of self-love.

Through his brand, MeatSpady is striving to become a staple in his community. Leading by example he makes monthly visits into the community to provide food and clothing to the people, sponsoring the For The Love Basketball events with throughout the city of Philadelphia and finding various  ways to give back to others.

The brand plans to offer two scholarships to Philadelphia high school graduates this year, as well as two grants to families who deal with the everyday effects of the health issues that their children are faced with. The Beautiful Letdown Store is always looking to sponsor events in the community that can help bring positive change to the people in it. “This is my way of giving back to my community until I can do so on a larger scale” says MeatSpady. When asked about the significance of the variety of colorways the brand offers, he stated “We believe everybody has a story and every story has a color. What color is your story?.

Being a musician and operating a brand to help the community is really an inspiring and appreciable action of MeatSpady. He is determined to continue to impact the lives of others as time progresses. With the continued support of his listener, fans, and customers the future is bright for MeatSpady and all his endeavors.

meatspady.com

https://www.thebeautifulletdownstore.com/

Instagram.com/meatspady

Facebook.com/imeatspady

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How to Set up a Cardano Node?

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How to Set up a Cardano Node?

The constant evolution of the blockchain has made it a more mainstream technology. Such improvement contributes to its rapid market growth. Blockchain technology came along with Bitcoin in 2008, the first-generation blockchain that can facilitate only cryptocurrency transactions. Later, when Ethereum (second-generation blockchain) entered the blockchain space, it set a new definition of how blockchain technology can power enterprise-grade solutions and eliminate the need for third-party authentications.

Amidst the blockchain advancement and the advent of new protocols, scalability continued to create challenges for the first and second-generation blockchain users. Besides, lack of interoperability is another reason that disrupts the global utilization of diverse blockchain use cases. Blockchain experts realized the potential adverse impact of these short flaws, and thus we had the third generation blockchain, Cardano, in 2017. This article will explore Cardano, its diverse use cases and discover how to set up Cardano node. So, let’s start.

What is Cardano?

Cardano is a third-generation proof-of-stake blockchain platform designed to be open-source and decentralized. It addresses the challenges of first and second-generation blockchains. In addition, it eliminates the flaws of POS (proof-of-work) consensus mechanism such as high transaction cost, slow transaction processing, high energy consumption, etc.

Due to its open-source nature, the platform offers a range of Cardano development opportunities for worldwide developers. One can easily participate in the Cardano ecosystem and contribute to its sustainability by developing innovative solutions like a Stake pool, smart contracts, Cardano exchanges, and even a unique ecosystem.

What is a Cardano node, and how it works?

A node is the core component of the Cardano ecosystem that underpins the whole network. Ultimately, every blockchain network consists of various interconnected nodes to validate transactions and blocks via a consensus mechanism. Specifically, in Cardano, users are required to run Cardano node if they wish to join the platform and contribute to the open-source project.

So, how does a Cardano node work?

A Cardano node is a service node that imparts complete transparency across the network by validating how the pool interacts inside the network. The nodes further hold and manage the combined stake in a single entity.

Other core responsibilities:

Production of blocks

Cardano produces independently verifiable blocks across a peer-to-peer protocol through a robust block-producing system. It further adds security layers to decide which blocks should be added to extend the chain.

Validation of transactions

Nodes validate the transaction by appointing slot leaders who determine if the sender has enough funds to meet transaction parameters. Once confirmed, the slot leaders record data and assume it as an active block after the complete verification process.

How to set up a Cardano node?

We will discuss the step-by-step process of setting up the Cardano node from the source node and running the node into multiple operating systems.

For that, you need the following component setup for node installation:

  • The latest operating system- Windows, Linux, or macOS.
  • Dual-core CPU with 8GB RAM and 10GB disk space.

For Linux

Step1: Install operating system dependencies on the Linux system.

Step:2: Install GHC and Cabal using ghcup.

Step3: Download and compile a working directory to store source code and builds.

Step4: Configure the build option.

Step5: Build up and install the node.

For macOS Operating system

Here, we will explain the download, compilation, and installation process for the node.

Step1: Install operating system (OS) dependencies for MacOS.

Step2: Install homebrew packages.

The rest of the steps are the same as the node installation in Windows operating system (from step 3 to step 5).

For Windows operating system

Node installation for Windows is the same as macOS and Linux, but you need WSL (windows subsystem for Linx) that changes the windows environment into Linux.

Conclusion

With a highly mutative nature and the ability to embrace modern technologies, Cardano has brought significant change to the blockchain and its real-world implementations. Such overwhelming popularity has also empowered Cardano-based development & deployment services since this protocol supports scalable, interoperable, and sustainable enterprise-wide solutions at a reasonable cost.

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Get ready!Beijing 2022

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Get ready!Beijing 2022

The 2022 Winter Olympics, officially the XXIV Olympic Winter Games and commonly known as Beijing 2022 are an upcoming international winter multi-sport event scheduled to take place from 4 to 20 February 2022 in Beijing and venues near neighboring towns of Yanqing and Chongli in the People’s Republic of China.

Beijing was elected as host city in July 2015 at the 128th IOC Session in Kuala Lumpur. The 2022 Winter Olympics will be the first Winter Olympics in China, the last of three consecutive Olympics to be held in East Asia (after the 2018 Winter Olympics in Pyeongchang, South Korea, and the 2020 Summer Olympics in Tokyo, Japan), and the second overall Olympics to be held in China, after the 2008 Summer Olympics also in Beijing. For the first time, the Winter Olympics will be hosted by a city that previously hosted the Summer Olympics; Four existing indoor venues that were originally constructed for the 2008 Games, as well as the Beijing National Stadium (venues of the opening and closing ceremonies), will be used.

The 2022 Winter Olympics are scheduled to include a record 109 events over 15 disciplines in seven sports. This represented an increase of seven events from 2018. The men’s and women’s big air freestyle, women’s monobob, mixed team competitions in freestyle skiing aerials, ski jumping, and snowboard cross, and the mixed relay in short track speed skating were the new events added by the International Olympic Committee in July 2018.

Beijing, the city of double Olympics, has witnessed the development of China, and it also represents the traditions of the East. Let’s look forward to what kind of splendor this Winter Olympics will bring or the new trend that will lead the development of the world. The Chinese culture is broad and profound and will shape the spirit of solidarity of a community with a shared future for mankind together with the Olympic spirit. It is expected that the Beijing Olympics will bring about world peace and development and share a beautiful vision for the future.

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